Vicis talks to Amacore about maximizing value

By Lisa Kerner

Charlotte, N.C., Aug. 4 - Vicis Capital LLC said it has had, and may continue to have, discussions with Amacore Group, Inc.'s senior management concerning ways in which the company could maximize shareholder value, according to a schedule 13D filing with the Securities and Exchange Commission filing.

Investors led by Vicis reported the purchase of 273,350 Amacore shares between July 11 and July 25 priced at $0.30 per share, the filing noted.

The investors beneficially own 767,948,350 shares, or 87.5%, of Amacore.

Based in Tampa, Amacore provides health-related membership benefit programs, insurance programs and other solutions to individuals, families and employer groups in the United States.

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